Feel free to reach out with any questions!

Feel free to reach out.

I think one of the biggest challenges or risks is the over-dependence most of us have on the OTAs.

You live in it for 2 out of 5 years and Sell for up to $250,000 Tax-free.

(I do not live in Orlando, my retired father does)... and my father takes care of all the maintenance (repairs, hiring contractors for electrical, HVAC, roofing, etc.) as well as showing the property for leases, he is my hands and eyes there... all for free, I do not pay him a salary or any compensation, and he does not want one. 

Hello,  We own our house free and clear valued at about 580k.

Keep in mind, since they fund the deal 100% (purchase and rehab), they are taking all of the risk.

When you have a big cost segregation depreciation plus your big startup expenses such as furniture and supplies, and you then have a big tax deduction against your big W-2 income because your passive losses are no longer limited with your big material participation, it increases your audit risk a ton.

Ther is nothing wrong with using anoher party but consider the risk. 

If you're in Dekalb, there's more risk that you may not be able to continue to operate than Fulton, IMHO.